Features | - Part 240

Tech Innovation Will Catalyse Productivity and Growth in Africa Says PWC Report

JOHANNESBURG, South Africa, Capital Markets in Africa: Agriculture is currently standing on the edge of a second green revolution. This revolution will entail fundamental shifts in how the agricultural sector utilises and implements innovative technology to improve output in a sustainable manner and address the need for greater food security globally. These are some of the highlights of PwC’s latest Africa Agribusinesses Insights Survey 2016. “Currently, there is a second green revolution underway. There is…

Strengthening the Regional Asset Management Industry — Abdul Rahman Al Baker

Posted on by The Editorial Team

Distinguished Guests, Ladies and Gentlemen –Good Morning. It is a great pleasure to be here today to address the Annual Middle East Asset Management Forum. I would like to commend the organizers for putting together a stimulating program, which will no doubt enrich the ongoing dialogue and debate on asset management industry in the Mena region. I hope that presentations and discussions during this forum would highlight and deliberate on important areas of assets management…

Nigerian “Budget of Change”…How much can it achieve? — Afrinvest

Posted on by The Editorial Team

LAGOS, Nigeria, Capital Markets in Africa: One year into the transition from President Jonathan to the Buhari led administration; the burden on Government remained the need to rejuvenate the Nigerian economy which has suffered from the declining global oil prices, poor governance structure, sub-optimal fiscal crisis, and monetary policy actions. Recent domestic macroeconomic numbers have suffered from both global and domestic shocks which currently threaten the economic fundamentals of the country. The recent data published…

Intra-African trade can catalyze investment and foster growth

Posted on by The Editorial Team

CAPE TOWN, South Africa, Capital Markets in Africa: As growth in developed markets such as Europe, China and North Africa continue to stagnate, greater regional integration in Africa, amongst all role players, is needed to capitalize on the continent’s growth potential. This is according to Hennie Heymans, CEO of DHL Express Sub-Saharan Africa, who says that when comparing intra-regional trade statistics, Africa’s rates are amongst the lowest in the world, with less than 20% of…

An African Telecom Success Frays Amid Record Fine in Nigeria

Posted on by The Editorial Team

Johannesburg, South Africa, Capital Markets in Africa: Phuthuma Nhleko spent more than a decade building MTN Group Ltd. into Africa’s biggest wireless operator by rushing into markets few rivals would touch, from Syria to Afghanistan to South Sudan. Now his appetite for risk has come back to haunt him, and shareholders are calling for a different approach. The drawbacks of the aggressive style became apparent in October, when Nigeria slapped the company with a $5.2 billion fine —…

Tiger Sees South Africa Consumers Stressed as Costs Climb

Posted on by The Editorial Team

Johannesburg, South Africa, Capital Markets in Africa: Tiger Brands Ltd. said the risk of higher inflation will place pressure on South African consumers as the nation’s biggest food producer is raising prices to try to offset costs following record corn prices. Headline earnings per share from continuing operations, which exclude one-time items, were 9.78 rand ($0.62) in the six months ended March 31 from 9.75 rand a year earlier, the Johannesburg-based company said in a statement Tuesday. Tiger…

Old Mutual’s Asset Management Unit Attracts Possible Buyers

Posted on by The Editorial Team

Johannesburg, South Africa, Capital Markets in Africa: Old Mutual Plc, Africa’s largest insurer, said it has been approached by companies interested in buying a stake in its U.S.-based fund management unit. “Old Mutual confirms that it has received approaches from third parties to acquire its stake,” in OM Asset Management Plc, the London-based insurer said in a statement on Tuesday. There’s no certainty that the interest will lead to a purchase, it said. The company plans to split…

« 1 … 238 239 240 241 242 … 258 »